Research by KPMG finds that while new regulations make improvements locally, they also create divergence in the approaches asset managers need to take.
AllianzGI joins a long list of foreign firms to have received the go-ahead from the CSRC.
Jane Ho, head of stewardship at BNP Paribas Asset Management, explains how Asia can learn from other region’s efforts.
According to the joint circular, intermediaries may apply a streamlined approach when dealing with SPIs.
The measures are designed to facilitate an increase in green investment.
The Monetary Authority of Singapore continues to offer incentives and a streamlined regime to encourage more single family offices to set up local operations.
The new tax break is designed to stop the hemorrhaging of family offices to Singapore.
The plans will see the wealth management scheme broadened out to include equities and an increase in the quota.
The launch comes 10 months after the initial announcement.
Respondents have until the end of June to submit their views.
The new rules govern fees charged by alternative investment funds.
Yet, there was no evidence that suggests it was intentional, said the Securities and Futures Commission.
The new incentives are designed to stop the hemorrhaging of family offices to Singapore.